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UiPath (PATH) Rises As Market Takes a Dip: Key Facts
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In the latest trading session, UiPath (PATH - Free Report) closed at $13.25, marking a +1.38% move from the previous day. This move outpaced the S&P 500's daily loss of 0.47%. Elsewhere, the Dow gained 0.1%, while the tech-heavy Nasdaq lost 1.25%.
The enterprise automation software developer's stock has dropped by 3.68% in the past month, falling short of the Computer and Technology sector's gain of 6.08% and the S&P 500's gain of 1.15%.
The investment community will be paying close attention to the earnings performance of UiPath in its upcoming release. In that report, analysts expect UiPath to post earnings of $0.19 per share. This would mark year-over-year growth of 18.75%. In the meantime, our current consensus estimate forecasts the revenue to be $442.67 million, indicating a 7.68% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.79 per share and revenue of $1.79 billion, indicating changes of +9.72% and +11.25%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for UiPath. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been a 7.39% rise in the Zacks Consensus EPS estimate. UiPath is holding a Zacks Rank of #2 (Buy) right now.
Looking at valuation, UiPath is presently trading at a Forward P/E ratio of 16.48. Its industry sports an average Forward P/E of 20.39, so one might conclude that UiPath is trading at a discount comparatively.
One should further note that PATH currently holds a PEG ratio of 0.76. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Internet - Software industry had an average PEG ratio of 1.19 as trading concluded yesterday.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 102, which puts it in the top 42% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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UiPath (PATH) Rises As Market Takes a Dip: Key Facts
In the latest trading session, UiPath (PATH - Free Report) closed at $13.25, marking a +1.38% move from the previous day. This move outpaced the S&P 500's daily loss of 0.47%. Elsewhere, the Dow gained 0.1%, while the tech-heavy Nasdaq lost 1.25%.
The enterprise automation software developer's stock has dropped by 3.68% in the past month, falling short of the Computer and Technology sector's gain of 6.08% and the S&P 500's gain of 1.15%.
The investment community will be paying close attention to the earnings performance of UiPath in its upcoming release. In that report, analysts expect UiPath to post earnings of $0.19 per share. This would mark year-over-year growth of 18.75%. In the meantime, our current consensus estimate forecasts the revenue to be $442.67 million, indicating a 7.68% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.79 per share and revenue of $1.79 billion, indicating changes of +9.72% and +11.25%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for UiPath. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been a 7.39% rise in the Zacks Consensus EPS estimate. UiPath is holding a Zacks Rank of #2 (Buy) right now.
Looking at valuation, UiPath is presently trading at a Forward P/E ratio of 16.48. Its industry sports an average Forward P/E of 20.39, so one might conclude that UiPath is trading at a discount comparatively.
One should further note that PATH currently holds a PEG ratio of 0.76. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Internet - Software industry had an average PEG ratio of 1.19 as trading concluded yesterday.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 102, which puts it in the top 42% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.